Bugatti has been reborn recently, to the point where an entire generation of car enthusiasts might not know about its 1990s exploits. Don't worry though, we haven't forgotten about the EB110. Launched exactly 110 years after Ettore Bugatti was born, it was conceived as an all-wheel drive, V12-powered Ferrari-killer.

It was designed by Marcello Gandini – the man behind the Lamborghini Miura, Countach and Diablo – and set a production speed record at launch. Michael Schumacher even bought one.

Sounds like a recipe for success, right? Unfortunately, money troubles killed the car in 1995. Less than 150 were built.

Now, the car is coming back, thanks to a firm called Casil Motors. The Edonis SP-110 is built around an original, homologated EB110 chassis, and aims to deliver old-fashioned supercar thrills to a modern audience. This isn't the first time Casil has tried to make the Edonis happen – the company had similar plans in 2005, but money troubles (ironically) killed the project.

Power comes from a 3.8-litre V12 engine developed from the original 3.5-litre EB110 engine moulds, running two turbochargers in place of the four used originally. It makes 537kW of power, good for a top speed north of 350km/h if you're feeling bold.

In keeping with the old-fashioned ethos, the (rear-wheel drive) car has a six-speed manual transmission and no traction control. It'll be light, too, thanks to the carbon-fibre chassis and hand-beaten aluminium body panels. Only the brave need apply, then.

Having made a $3100 deposit, buyers work with Casil Motors to perfect the spec of their car. A range of EB110 colours will be offered on the outside, while the cabin can be configured for track work, or set up with more road-oriented creature comforts.

Along with the 'classic' body style pictured at the top of this story, a more aggressive aerodynamics package (above) with bonnet louvres, a bigger rear diffuser and extra carbon-fibre bodywork, will be offered.

Owners will be able to track the build process step-by-step, before taking delivery of their cars at the factory in Campogalliano, Italy.

As you might imagine, the car won't come cheap. Prices start at £690,000 ($1.2 million) and just 15 examples will be built.